Which amount should be reported as cash on the balance sheet?
A)The ending cash balance per the bank statement.
B)The beginning cash balance per the bank statement.
C)The up-to-date ending cash balance per the bank reconciliation.
D)The ending cash balance per the books.

Question

Quizplus · Accepted Answer

The up-to-date ending cash balance per the bank reconciliation is the amount reported as cash on the balance sheet.

Which Amount Should Be Reported as Cash on the Balance